Rule 86A allows only temporary blocking of existing GST ITC, negative blocking beyond ledger balance held invalid

Rule 86A allows only temporary blocking of existing GST ITC, negative blocking beyond ledger balance held invalidCase-LawsGSTHC held that Rule 86A of the GST Rules permits only temporary blocking of input tax credit (ITC) actually available in the Electro

Rule 86A allows only temporary blocking of existing GST ITC, negative blocking beyond ledger balance held invalid
Case-Laws
GST
HC held that Rule 86A of the GST Rules permits only temporary blocking of input tax credit (ITC) actually available in the Electronic Credit Ledger where the Commissioner has reason to believe it is fraudulently availed or ineligible, and does not authorize “negative blocking” beyond the existing balance. While endorsing that prior notice or SCN is not mandator

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